GBPJPY has enjoyed a midterm bullish ride however the joys of the bears came to an end at 134.500 when the retest was complete after the breakout. All sights seems to be on 131.000 and bears are fully in play.
Long Term profit investment -
ECB - Draghi announced today that they will be careful with inflation and the economy slow down, also stating that they are likely to keep the idea of cutting rates in mind, investors saw this as a bearish sign for the European economy, which will be depreciating the EUR against a basket of major currencies across the markets.
USD/JPY Short Idea (5/29/19) 1HR Chart
- Looking at a double top off of the 200 EMA and a disturbance level
- DXY is looking like its going to be bearish so then UJ should also follow
- Looking for price to come down to 109.140
JPY index is approaching its support at 0.145 (61.8% Fibonacci extension, 38.2% Fibonacci retracement, horizontal swing low support) where it could potentially bounce to its resistance at 0.147 (61.8% Fibonacci extension, horizontal swing high resistance).
Stochastic (89, 5, 3) is approaching its support where a corresponding bounce could occur.
Waiting to finishing the retest in the dark blue box. Then head to light blue box for TP1 indicated by the Green Line. Other take profits are indicated by the green lines. Red line represents Stop Loss.
Just my bias. Still a baby trader learning.
Quick, Simple, Analysis based on price behavior I've seen over and over and over.
DXY Directional bias is bearish but we could expect a bullish Legg upwards, however I've learned Trends usually tend to keep trending in their direction until major support. So I would say chances are bigger UJ will dump since we went up a lot and DXY bias is still bearish for...
Hey followers and other TradingView users!
From my viewpoints, here is a pretty decent sell setup.
Some powerful and important price action criteria matching each other in one area which makes this blue area definitely rejectable :)
NB: The price has to come into the sell area exactly! into the blue box, IF it doesn't reach into the blue area before the box ends...
Here we are actively in the market for further downside in AUDJPY after retesting 78.6.
=> From a fundamental perspective the outlook in Australia continues to weaken. Credit, housing and confidence are all slowing and a dovish RBA is the icing on the cake.
=> The "positive" headlines this morning from the US-China trade is increasingly priced in and we see...
USDJPY have been trading in a narrow range today, as market broke out quite sharply, i am expecting the correction to continue a little more to then start of fresh falls, momentum on all across the board still lined up, so i am looking to build short positions on this market, keep watching this market for next week.
Thanks for your support & have a...
We have a previous bearish trade setup on EURJPY (Check the related link for the previous setup).
Now price is rejecting important weekly support + H4 descending trendline which is a red flag
to our short trade. Besides, other correlated JPY pairs like CHFJPY and AUDJPY are also rejecting a significant key support level which gives more validity for impending...
I am expecting the price to continue its price rally that begin last week. The price bounced off an ascending trend line which began in June 2016. It has also bounced off a support at 126.6
However, I will be looking for a short-term correction before entering a long position on this pairing.
Losses can exceed initial deposits when trading market instruments....